How much to extend D-Cat and Strome?

[Blue Liner]

If this is all true, why are so many people making the claim on this site and other places that Tampa's nice contracts are due to the tax benefit?

If the difference is that small, there should be more pushback on people saying the tax benefit is the reason for Tampa's good contracts. It just seems like the narrative has become accepted that it's all because of no state income tax.

Because they're incorrect. Many narratives are incorrect. Just because they exist and many people think they're true doesn't make them true. There are other hockey cities with the same benefit but no one mentions it about them. It could be a small factor but it's pretty far down the list of reasons in all reality. It's a very, very well run franchise that has a lot of players bought in among other factors already mentioned.

 

[RememberTheRoar]

Because they're incorrect. Many narratives are incorrect. Just because they exist and many people think they're true doesn't make them true. There are other hockey cities with the same benefit but no one mentions it about them. It could be a small factor but it's pretty far down the list of reasons in all reality.

I didn't realize it was such a small difference, and it sucks that more people don't push back on those that push that false narrative.

The more complicated an issue is, the easier it becomes to create a believable false narrative.

Taxes are something people understand so little about that they go to H&R Block when they could just fill out a 1040-EZ. The average person certainly doesn't know enough about tax law to debunk the false narrative on Tampa's contracts.

 

[ChiHawks10]

If this is all true, why are so many people making the claim on this site and other places that Tampa's nice contracts are due to the tax benefit?

If the difference is that small, there should be more pushback on people saying the tax benefit is the reason for Tampa's good contracts. It just seems like the narrative has become accepted that it's all because of no state income tax.

Because lots of people in this world are stupid? A large percentage of people on the main boards are f***ing potatoes. @Blue Liner was nicer about it than me.

 

[x Tame Impala]

Starting with this would've avoided a lot of confusion for people. Not everyone understands how to break down taxes.

Just because something is easy for you to look up certainly doesn't mean everyone knows how to use that information correctly.

I don’t understand how to do it on a professional level either but I told you the difference is not as simple as income tax rate vs income tax rate.

Taxes are a complex enough thing at the individual level. My tax return and paycheck could look a lot different depending on what tax agent I use than someone making the exact same money as I do working the exact same job.

It’s not a simple plug and chug equation, but even if it were, someone making $10,000,000 a year is not losing sleep over a couple hundred thousands dollars lost in taxes (which they ultimately don’t lose most of anyway due to loopholes).

Ultimately it is not that significant of an advantage, it’s not an advantage specific only to the Tampa Bay Lightning, and Toronto has other advantages most teams don’t so any and all complaining about this is ignorant and petty...which is pretty typical of most Leafs fans

 

[x Tame Impala]

Because lots of people in this world are stupid? A large percentage of people on the main boards are ****ing potatoes.

Seriously. The main boards isn’t exactly 5th Century Greece.

Maybe most posters there aren’t old enough to do so yet, but I don’t get how anyone who files their taxes and pays it even the smallest bit of extra attention doesn’t understand that the relationship between earning money and paying taxes is a dynamic thing.

Calling out @hawksrule again, I don’t even know what he does for a living lol. Maybe he can clarify

 

[TLEH]

The biggest reason is that Tampa hasn’t won anything, and the tax break is only for like 41 games anyway.. Florida has really high property tax. If anything Nashville would have the biggest benefit. Their property taxes are also low and they have no state tax. Playing for any team in the states is obviously going to be taxed less than Canada too.

 

[RememberTheRoar]

I don’t understand how to do it on a professional level either but I told you the difference is not as simple as income tax rate vs income tax rate.

Taxes are a complex enough thing at the individual level. My tax return and paycheck could look a lot different depending on what tax agent I use than someone making the exact same money as I do working the exact same job.

It’s not a simple plug and chug equation, but even if it were, someone making $10,000,000 a year is not losing sleep over a couple hundred thousands dollars lost in taxes (which they ultimately don’t lose most of anyway due to loopholes).

Ultimately it is not that significant of an advantage, it’s not an advantage specific only to the Tampa Bay Lightning, and Toronto has other advantages most teams don’t so any and all complaining about this is ignorant and petty...which is pretty typical of most Leafs fans

The way @ChiHawks10 laid it out made it easier for us "stupid people" to understand what you guys are talking about.

I get you probably understand what you're talking about, but it's sometimes easier to just see a simplified side-by-side comparison.

 

[x Tame Impala]

The way @ChiHawks10 laid it out made it easier for us "stupid people" to understand what you guys are talking about.

I get you probably understand what you're talking about, but it's sometimes easier to just see a simplified side-by-side comparison.

Wasn’t at all implying you were stupid. Sorry if it came off that way

 

[RememberTheRoar]

Wasn’t at all implying you were stupid. Sorry if it came off that way

Sorry, didn't mean to say you were. It was a reference to ChiHawks10's comment. He's not wrong though, I am pretty stupid when it comes to taxes [and probably a lot of other things].

 

[ColdSteel2]

Sorry, didn't mean to say you were. It was a reference to ChiHawks10's comment. He's not wrong though, I am pretty stupid when it comes to taxes [and probably a lot of other things].

Same here, pay a CPA to do all of that stuff, lol.

 

[ChiHawks10]

Sorry, didn't mean to say you were. It was a reference to ChiHawks10's comment. He's not wrong though, I am pretty stupid when it comes to taxes [and probably a lot of other things].

Didn't mean to imply you were stupid either. I was speaking about the majority of the main boards, where most of this misinformation gets perpetuated.

 

[Blue Liner]

You're all stupid. To hell with all of you.

 

[ChiHawks10]

You're all stupid. To hell with all of you.

No coral frags for you.

 

[RememberTheRoar]

Didn't mean to imply you were stupid either. I was speaking about the majority of the main boards, where most of this misinformation gets perpetuated.

Haha, I'm not offended by it. I don't think you're wrong about me being stupid about tax law.

As I said above, false narratives become believable because some things are complicated and not enough people take the time to lay out facts in simple terms.

 

[BK]

I never said it was the norm, those that reach out and put in the time and effort can improve their skating, hundreds of examples of it for NHL players. Top speed is something that really can't be changed, but edge work, balance, quickness, stride, acceleration are all things that can be improved with skating coaches and working on/developing different specific muscles in weight training.

Players showing big improvement isn't the norm. Most don’t improve very much at all. Hundreds of examples? Not really. For every Taveres you have 15 Drew Leblancs. Might be better to agree to disagree here.

 

[hawksrule]

Seriously. The main boards isn’t exactly 5th Century Greece.

Maybe most posters there aren’t old enough to do so yet, but I don’t get how anyone who files their taxes and pays it even the smallest bit of extra attention doesn’t understand that the relationship between earning money and paying taxes is a dynamic thing.

Calling out @hawksrule again, I don’t even know what he does for a living lol. Maybe he can clarify

Porn star.

 

[Blue Liner]

No coral frags for you.

Shoot. I didn't think this through very well.

 

[Rolo]

Personally, I think that's smart.

Gives you more flexibility to maximize the window in the short term, and gives DeBrincat and Strome motivation to be the next faces of the franchise five years from now.

Might be able to get them at a lower cap hit too, but I high balled it.

Pros for Chicago -
Lower cap hit during Toews&Kane era = chance to add depth/compete

Pros for Cat/Strome
Get a monster contract when they expire (could be in the 9M+ range if they keep improving), instead of locking up for 6-8 years at 6-7.5M

 

[BK]

Same here, pay a CPA to do all of that stuff, lol.

Taxes are pretty easy to do honestly. I do mine every year but for piece of mind I had a buddy who is a really good CPA look of my taxes and he did not see anything that I missed. It would be more complicated for athletes or people who have to deal with multiple 1099s.

 

[ChiHawks10]

Haha, I'm not offended by it. I don't think you're wrong about me being stupid about tax law.

As I said above, false narratives become believable because some things are complicated and not enough people take the time to lay out facts in simple terms.

The blame shouldn't fall on those who know something to lay out the facts in simple terms for everyone to understand(though this is a nice courtesy that people will do). The blame should fall on those who choose not to do anything when it comes to learning about something, IMO, and then expect everyone else to go do it for them, then also explain it in simpler terms. (To be clear, I'm not talking about you here, but people in general.) How is it remotely fair for me to do go do the work and research, and then dumb it down and explain it to someone? How about that person just goes and does the research for him or herself?

 

[Hattrick Kane]

Players showing big improvement is the norm. Most don’t improve very much at all. Hundreds of examples? Not really. For every Taveres you have 15 Drew Leblancs. Might be better to agree to disagree here.

Let’s not pretend drew Leblanc was anywhere near as talented as Tavares was. I still think hockey IQ is the most important thing.

You don’t see a lot of players last in this league who don’t think the game well. But there’s plenty of examples of really good players having other deficiencies in their game. I mean who taught Keith to shoot the puck?

 

[ChiHawks10]

Let’s not pretend drew Leblanc was anywhere near as talented as Tavares was. I still think hockey IQ is the most important thing.

You don’t see a lot of players last in this league who don’t think the game well. But there’s plenty of examples of really good players having other deficiencies in their game. I mean who taught Keith to shoot the puck?

Keith had a good shot earlier on... it has progressively gotten worse as he has gotten older.

 

[BK]

Let’s not pretend drew Leblanc was anywhere near as talented as Tavares was. I still think hockey IQ is the most important thing.

You don’t see a lot of players last in this league who don’t think the game well. But there’s plenty of examples of really good players having other deficiencies in their game. I mean who taught Keith to shoot the puck?

Leblanc actually had really good hockey IQ (good hands as well). It was the reason he got as far as he did. He just couldn't skate.

You don't see a lot of players that think the game well? There are a lot of them honestly. Just look at the Hawks.

 

[Hattrick Kane]

Keith had a good shot earlier on... it has progressively gotten worse as he has gotten older.

It’s unorthodox. It looks like he’s better suited for chopping wood. (Or swinging at peoples heads)

Anyways back to Strome, I don’t think he’ll ever be a speedster, but he can definitely improve his edge work, and I think he will. I have high hopes he can become like Joe Thornton, he has the vision for it.

 

[Hattrick Kane]

Leblanc actually had really good hockey IQ (good hands as well). It was the reason he got as far as he did. He just couldn't skate.

You don't see a lot of players that think the game well? There are a lot of them honestly. Just look at the Hawks.

We’ll have to disagree on this subject. The players on the Hawks that don’t think the game well won’t be in the league much longer. It happens all the time, just look at many rosters 5 years ago and think, who are these people?